FIXD vs. TLT
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and iShares 20+ Year Treasury Bond ETF (TLT).
FIXD and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIXD is an actively managed fund by First Trust. It was launched on Feb 14, 2017. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or TLT.
Key characteristics
| FIXD | TLT | |
|---|---|---|
| YTD Return | 1.01% | -6.14% |
| 1Y Return | 6.97% | 4.03% |
| 3Y Return (Ann) | -3.11% | -12.58% |
| 5Y Return (Ann) | -0.36% | -5.92% |
| Sharpe Ratio | 1.23 | 0.43 |
| Sortino Ratio | 1.81 | 0.70 |
| Omega Ratio | 1.22 | 1.08 |
| Calmar Ratio | 0.50 | 0.14 |
| Martin Ratio | 3.84 | 1.05 |
| Ulcer Index | 2.14% | 6.10% |
| Daily Std Dev | 6.67% | 15.01% |
| Max Drawdown | -20.35% | -48.35% |
| Current Drawdown | -10.46% | -41.52% |
Correlation
The correlation between FIXD and TLT is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIXD vs. TLT - Performance Comparison
In the year-to-date period, FIXD achieves a 1.01% return, which is significantly higher than TLT's -6.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIXD vs. TLT - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
FIXD vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) and iShares 20+ Year Treasury Bond ETF (TLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FIXD vs. TLT - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.61%, more than TLT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.61% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.93% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.10% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
FIXD vs. TLT - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FIXD and TLT. For additional features, visit the drawdowns tool.
Volatility
FIXD vs. TLT - Volatility Comparison
The current volatility for First Trust TCW Opportunistic Fixed Income ETF (FIXD) is 1.77%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.07%. This indicates that FIXD experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.